Pre-market Analysis Nifty Bank Nifty 15 November 2022Market Mood: 15 November, 2022 (nifty, bank nifty, stocks, commodity, currency, and global markets)
Currency
Pre-market Analysis Nifty Bank Nifty 14 November 2022Market Mood: 14 November, 2022 (nifty, bank nifty, stocks, commodity, currency, and global markets)
Pre-market Analysis Nifty Bank Nifty 11 November 2022Market Mood: 11 November, 2022 (nifty, bank nifty, stocks, commodity, currency, and global markets)
Pre-market Analysis Nifty Bank Nifty 10 November 2022Global parameters are negative.
Technical indicators are positive.
Watch the video for the rest details.
JPYINR - completing a ending diagonal- Upside Bias is highThe JPYINR pair has just broken out of a downside wedge (classical charting). Wave counts indicate a complete ending diagonal (Elliotwave
count) with all subwaves visible. Moves following the completion of diagonals are fast and we can expect a quick move to the 60.00 - 61.00 as an initial target subject to the recent low of 54.63 holding
btc analysisget ready for some red candles guys
as we can see there are rejection trend lines above our price which is in the range 25000-25500 this is a range we may see a rejection and fall back to near support
but as we see this was an unexpected growth which I don't feel will last long it all started due to Ethereum news pulling the BTC with it
so soon we will beck to our consolidating zone
don't get too bullish here wait for some move to come
let BTC reject the 25500 mark we will plan later
BANKNIFTY AnalysisSince pandemic BANKNIFTY has rallied from 16100.00 to 41000.00 plus levels. A clear impulsive rally we have seen from low to high as mark in yellow as Wave 1 , Wave 2 and Wave 3 as a Major Wave cycle. Wave 3 (Yellow) of a Major Wave Cycle seen to be extended in 5 sub waves(marked in green as (1),(2),(3),(4),(5)) fallowing all the conditions of Elliot Wave. Since completion of the Wave 3 (Yellow) a correction started and predicted to be complete at retracement levels of 0.50 or 0.618 which comes to 29000.00 below levels as marked in a green rectangle on chart where a corrective pattern A,B,C most likely to complete harmonically.
This is just a prediction and not a view to take any position in market. Its purely academic in nature and once should consult his/her financial advisor before taking any action into live markets. View may change from negative to positive based on the change in fundamentals anytime. Current prevailing situations are not good for Banks & Financials so a downfall expectation is a personal view. Investment in Share, Futures & Options are subject to market risk. Risk involved here is the risk of capital involved. Stay safe. Keep Learning. Thank You
USDINR AND CRUDE OIL Crude import accounts for nearly 20% of India's import bill. day by day if crude prices goes up, we will see major impact on INR, inflation and profitability of many companies. so if you are currency trader trade carefully.
Rupee Should Get stronger and come back to 75.5 Rs per Dollar Interesting Price Action and charts pattern are being observed in USD/INR currency pairs.
1. The Cup and Handle Formation.
Cup formation can continue or Handle pattern can be formed and price can shoot up. As global situations are pacifying. We believe, rupee
should get bit stronger.
2. All time high Resistance
We have seen previously, sell of from these high levels in past.
3. ABCD harmonic
According to these Rupee can test Neck of Harmonic, that can be around Rs75.5
4. Fibonacci Retracement
If it tests 0.382 or 0.50 of Fibonacci levels, It should come back to Rs75.25 or Rs74.5 per dollar exchange rate in upcoming days.
Trade on your own risk and analysis.
USD INR Long TradeUSDINR in an uptrend as visible in the weekly time frame.
RSI is also in an uptrend and 50 DMA is supporting the candles.
A long position can be created, for the target of 75.6500.
Buy USDINR Apr Fut and stay in the position till the trendline (black line) sustain.
USDCAD - 15 min Analysis Buy Target 1.2705- 1.27181- 1.27313 USDCAD - 15 min Analysis
Buy Target 1.2705- 1.27181- 1.27313 1.275- 1.276-1.278
GBPAUD GO ShortGood place to short for GBPAUD. I am waiting for this position from quite a long time now
USD INR Long TradeUSD INR in an uptrend.
Buy USD INR at 74.7600
Keep Strict stop loss of 74.6765
When 4 hr candle closes above 74.8800, buy more lots for the target of 75.1500
As per Inner Cycle GBP USDWe are looking some down fall till as mention in the chart
Mostly we can go short at CMP
EURNZD Can Go Short I was waiting for EURNZD to reach to this level , We can go short from here and can make SL 40 Pips and RR Ratio 1:1.5
GBPUSD CAN GO LONGIt touch 68 fib level and sellers are getting week in the market. We can see bounce back to next fib level.
USDJPY: Bullish sequencePrices are moving up in an impulsive manner. One should buy on cmp or any dips, keeping SL of 114 look for the tgt of 117
eurinreurinr is nearly break out
if you are trading in this currency wait for right entry
and enter the right candale Conformation
and risk rewardt ratio is 1:5
USD INR BreakoutAs the currency pair has broken out there is a possibility of a rally.
We can enter at the point of retest with a SL below trendline and a target neat swing high for a RR of 2:1.
The price may rally or retest the trendline before rallying further.
EURINR in downside channel EURINR inside a channel on downside at Day timeframe.Will remain sideways until breaks on up/down side of channel
